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In the News: Citi, Olive Garden, Volt and more

Posted by Dale Buss on December 7, 2011 09:07 AM

In the News

AMC considers reality shows to complement Mad Men and Breaking Bad.

BP and Shell plan to resume oil exploration in Libya.

Boeing hopes rise for union accord that would end labor struggle.

CBS is upbeat about TV business in 2012.

Citigroup announces cuts of additional 4,500 jobs.

Daimler loses value with investors relative to BMW as the two companies race to finish in U.S. luxury-car sales for 2011 and as Daimler's Mercedes-Benz brand plans big boost in U.S. output.

Darden cuts forecast due to Olive Garden woes.

Dodge resurrects Dart name for Fiat-based compact car as Fiat CEO Sergio Marchionne says euro crisis has slowed pace of company's investments.

Dollar General targets urban food deserts with DG Market concept.

Facebook scrambles to fix glitch after Mark Zuckerberg's private photos are exposed; launches subscribe button for websites.

GM has come up with a $1,000 fix to the battery problems of the Chevrolet Volt, Reuters says, as Volt owners hang in there and GM keeps marketing Volt,, and the car will keep top insurance-industry safety ratings despite fires.

Google and Verizon spar over control of digital wallets as Verizon mulls adding an online video service to take on Netflix, Reuters says.

Hertz and Live Nation ally.

Honda boasts about new diesel engine to compete with Volkswagen.

J.C.Penney plans to buy stake in Martha Stewart Living, says the NY Times.

Netflix looks toward original content and competition with HBO.

Olympus board signals intent to resign after accounting fraud.

P&G recalls Iams dog food.

RIM changes name of next line of phones after copyright spat.

Sony Ericsson to rebrand to Sony by mid-2012.

Twitter makes its entire archive of tweets available to U.S. Library of Congress.

Yahoo seeks higher bids for minority stake in company.

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